Leaked Emails Unveil Snapchat's Secretive CEO

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Douglas MacMillan A batch of leaked emails involving a Snapchat board member show the startup's rapid rise to be the work of a secretive young entrepreneur with a distaste for Silicon Valley and its conventions. Evan Spiegel, Snapchat's 24-year-old ...

Swiss Central Bank Introduces Negative Interest Rates

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas ZURICH--Switzerland's central bank said Thursday it will introduce negative interest rates, a move designed to curb demand for the Swiss franc. Beginning Jan. 22, 2015, the Swiss National Bank will charge banks 0.25% to deposit overnight funds ...

China November Home Prices Fall at Slower Pace -- Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Esther Fung The average price of new homes in 70 Chinese cities continued to fall in November, signaling a decline in home prices hasn't run its course. On a month-over-month basis, average home prices fell at a slower pace, ...

German Business More Bullish as Euro Weakens

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

German business confidence improved for the second consecutive month, a key indicator showed Thursday, as the eurozone's largest economy benefits from lower oil prices and a weaker euro. The Munich-based Ifo institute's lead indicator rose to 105.5 in December from ...

Fed's Yellen Heard Across Asia -- Barron's Asia

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Thomas Streater It was the word that echoed across Asia: patient. Twitchy Asian markets, which have braced for a much anticipated change in the Federal Reserve's language on the outlook for monetary policy, were relieved when the U.S. central ...

U.K. Car Production Slips in November

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production to match last year's level of 1.5 million units, and growth to ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Chao Deng Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while ...

U.K. Car Production Slips in Nov; Full Year Expected to Match 2013 - SMMT

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

(This article was originally published at 0001 GMT Thursday.) By Ian Walker LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production ...

Switzerland Lowers 2015 Growth Forecast

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas ZURICH--The Swiss government on Thursday lowered its forecast for gross domestic product growth next year due to the sluggish performance of economies in the eurozone, the Alpine country's key export market. The government said, however, that while ...

France's Borrowing Needs to Rise in 2015

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

PARIS--France's borrowing requirements will rise to a record high next year as the budget deficit narrows only slightly and the state pays back a spike in debt it contracted during the global economic slump in 2009, the French Treasury Agency ...

European Stocks Rally, Swiss Franc Falls

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Stocks in Europe rallied Thursday, following U.S. markets higher, as investors welcomed the message from the Federal Reserve that it will be patient in deciding when next to raise interest rates. The Stoxx Europe 600 index was 1.3% higher in ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while the S&P; ASX ...

Putin's Year of Defiance and Miscalculation -2-

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Warning that defying "the laws of economic development" would bring Russia to collapse as it did the Soviet Union, Mr. Gref ridiculed government policies for replacing sanctioned products with domestic ones. "You cannot motivate people through the Gulag, like in ...

IHH Healthcare Plans Expansion Across Asia Pacific

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Jason Ng KUALA LUMPUR, Malaysia--IHH Healthcare Bhd. (5225.KU), Asia's largest listed healthcare operator by market value, plans to spend 3.3 billion ringgit ($940 million) over the next two years as part of its ambitious expansion in the region. We're ...

Swiss November Exports Drop on Weaker Watch, Machinery Demand

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

ZURICH--Swiss exports slowed in November due to weaker demand for the country's machinery, electronic goods and watches, in addition to one work day less. Exports in November fell 2.9% from a year earlier, in real terms and adjusted for inflation, ...

Japan Firms' Cash Holdings Hit Record High

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

TOKYO--Japanese companies added to their mountains of stashed cash in the third quarter, pushing up their combined savings to a new record equivalent to almost half the nation's gross domestic product despite repeated calls by Prime Minister Shinzo Abe to ...

German Business More Bullish as Euro Weakens

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Todd Buell German business confidence improved for the second consecutive month, a key indicator showed Thursday, as the eurozone's largest economy benefits from lower oil prices and a weaker euro. The Munich-based Ifo institute's lead indicator rose to 105.5 ...

Swedish Confidence Holds Up Better than Expected

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Charles Duxbury STOCKHOLM--Swedish confidence levels held up better than expected in December despite a weak outlook across much of Europe and political turbulence at home. The National Institute for Economic Research survey showed consumer confidence rose to a level ...